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below 2% gdp and bring down national debt dead relative to size relative to size of the economy in 10 years. brewster the nation's fiscal cut that tax loopholes that take a fair and balanced approach. at the same time the budget incorporates elements to speaker by last december. they make the difficult choices to find common ground. consistent with that offer come in the budget includes being the president would not put forward such as means testing command that a character in a related premiums and the more accurate the less generous measure of inflation. it includes proposals only so they come together around a complete and comprehensive package to shrink the deficit by $1.8 trillion over 10 years and are meant the fiscal uncertainty that hampers economic growth and job creation. this remark does not represent the starting point for negotiation. represent tagamet savings and additional roadrunners for those of the. the two cannot be separated and were not separated last december when we were close to a bipartisan agreement. this budget provides achievable solutions to fiscal p
the economy to improve, but at a slower rate than the united states and develops nations. he's attending the g20 finance minister meetings. from the council on foreign relations, this is an hour. >> [inaudible] >> well, ladies and gentlemen, i'm cochair of the council on foreign relations, and we are privileged, indeed to have with us the honorable, highly experienced german government offiho crrently serving a minister o finance. you have the resumÉ, we are running late, and to maximize time for conversation, i'll be undipmatically brief, but let me say that minister has held four positions of chandler cole who served as federal minister for special tasks, head of the council and minister of the interior. under chancellor merkel 2005 to 2009 served as ministers of the interior. he is a long standing leader of the christian democratic union serving as its chair in 1991. he's bee a 1972 serving as parment ri whip from 1981-84, and in 1990, led negotiations for the reimplication of east east germ. he is proficient in economics of law, a doctor of law, and he's written a number of books most rec
, that doesn't involve risks to the government micromanaging the economy. if you say okay which is going to have a flat tariff of 10% or 20% or 30% whatever it takes to get to a zero trade deficit that doesn't introduce a lot of corruption or a lot of dangers bad policymaking because it's a very simple policy. it's just determined by an arithmetical formula and there's no opportunity for anybody to play games. one of the good things about it if you have a flat tariff, is if you had a 30% tariff on imported goods that's not enough to relocate the production of t-shirts that united states because cost is too great. it's great to relocate things like silicon wafer fabrication so would tend to relocate back to the u.s. high value capital-intensive skill intensive industries which is of course what we want to do. those are the industries that are high-quality -- high-quality into she wants to have and those are the industries that don't want to lose. i point that out just to point out that if you do get serious about protectionism, protectionism has a logic to it which if you understand what
to focus on the longer term fundamentals, which we still think are pretty good. the economy is still growing. earnings are still growing. the fed still pretty supportive. certainly volatility has picked up a bit this week. and we expect that to continue here in the near term. >> that's what i was going to ask you. assuming that this manhunt is solved and the suspect is apprehended this weekend, turning to monday, how do you think things are going to play out? what is going to happen next in the market? is volatility still going to dominate trading? are the markets going to go up? are they going to go down? what is your prediction? >> i think you have both macro and microtrends next week. as you said in the lead there, about 20% of companies in the s&p reported earnings. but it really gets heavy next week. we have about 170 companies in the s&p 500 reporting, and about ten dow components. and earnings have been mixed. they have been okay. topline has been a little soft. as bob pisani said, only about 45% of companies are beat top line. it reflects the sluggish global economy that we h
. this looks that the impact on jobs and the economy. >> immigration. the average american wants to -- >> grace wiseman second place winners in the student cam, petition. their message look set a legal immigration and the impact on jobs in the u.s. economy. >> immigration, allowing people to enter our borders can be beneficial to immigrants and the rest of the country. >> when it comes to immigration, it is not right versus left, republican vs. democrat issue. it is those who have power to influence policy. and the average american heart regardless of political affiliation does want to see immigration laws enforced. amnesty. chris immigration laws. take up the highest unemployment rate right now is the young people. -- >> the highest and a plummet right now is the young people. the problem is is the way we have done it, they do not pay tax. you have to pay tax. and the employer would pay the tax. a ford are did not pay because it will not be here -- foreigner does not pay because they will not be here long. but we did not have the employer pay either. if the employer hires you, you will have to
agricultural workers to seek nonfarm jobs as economy improved in the 1990s. the special agricultural workers who left farm work were replaced by new arrived unauthorized migrant. by 1997 and 1998 it was estimated that the special agricultural workers were only about 16% of the crop workers. so, mr. connor, aren't we afraid or shouldn't we be afraid giving legal status to people here illegally will repeat the mistakes we made in 1986 putting the ag industry in the same position in the long run. in other words it comes about because of farmers come to us and they need workers. okay. we bring in the workers. then they migrate someplace else and people illegally came in after wards. how do we avoid the mistake we made in 1986? >> senate grassley, your question is a great question. it's -- it goes to the heart of fundamentally of the basis of our negotiation that on o- curing in senator feinstein's office. the blue card program for the current existing trained work force is an important component. equal we don't know with absolute certainty over the next decade or so what is going to be the statu
that it doubles down on a dead end energy policy that's hurting our economy, hurting our environment and our health. burning fossil fuels is a primary cause of climate change, and we simply can't afford to continue down this destructive path. it makes far more sense to focus on developing the clean, renewable energy technologies that we all know we're going to need down the road. developing these technologies will create quality, long-term jobs that can't be shift overseas. it's good for business. it's good for our planet. it's good for our national security. there's no reason why we can't put aside our differences and take action to promote a clean energy future. it's what our constituents sent us here to do. our window of opportunity is rapidly closing. the time to act is now. and i yield back. the speaker pro tempore: the gentlewoman yields back. for what purpose does the gentleman from california seek recognition? >> madam speaker, i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman is recognized for one minute. >> madam
a majority in congress since 1997. the mexican economy has expanded mexican have maintained growth since 2009. fromdp has increased $7,979 in 2009, to 2146 in 2011. in purchasing above 15,500. on gdp growth, almost four%, a higher rate, and is expected to grow 3.5% in the year. this is measured by j.p. morgan. mexico is also taking care of its people. the brookings institution has highlighted that 60% of mexicans are middle class. by 2030, 80.5% of mexicans will be middle class. housing has increased more in the early 1's. all of these factors that have taken place review the immigration pressures of the past. academic think tanks estimate that net migration between mexico and the united states is close to zero. a recent survey shows only 11% of mexicans say they would leave mexico if given the opportunity. a decline of about half from a 31% 2007. -- in 2007. over the last few years, our common border has increasingly become an area of prosperity. more more dynamic and secure than it has ever been. four in the united states and six in mexico, have a population of 92 minute -- 90 million peopl
manufacturing sector, creating new jobs and growing the economy for american families. energy is the foundation of our economy. we need to focus on the promise of prosperity. north american energy prosperity and the abundance that it offers to our country. america's greatness is tied to our freedom to produce and build things. republicans have a plan to grow our economy by making america a nation of builders once again. we want to streamline our government, cut red tape, and unleash the power of north american energy. with these things we can revitalize american manufacturing, and foster long-term economic growth and job creation for our citizens. lastly, we're determined to get to the truth regarding the terrorist attack on our nation's in benghazi, libya. in which three americans lost their lives. last year, i directed five committees to look at there is parts of this investigation. the next week, these committees will provide a comprehensive progress report on the investigation up to now. and this progress report will not represent the conclusion of their investigation, but it will be the be
. part of it is the economy. improving economy in the united states tends to attract people as well. we just haven't seen that, but monitor those flms -- numbers. we have -- the thing that troubles me the most is the smugglers who do this for profit, who are taking creative routes either up through the bahamas, we're seeing haitians being run through puerto rico right now. so it's a constant battle as the smugglers get smarter and daring. they are smaller than the land border. >> the smuggler industry, for lack of a better term, is that on the increase, is that on the decrease? what's the trend? it's an recollection spencive undertaking. my understanding is they charge thousands of dollars per person they bring. is that something we've seen an increase in or decrease and if we've seen a decrease, is it because of economic factors? how do we stop these? it sounds like a fast boat through the middle of the caribbean is not something we would necessarily stop. >> i think flow of migrants, it's similar to the flow of drugs. people are very creative. yes, we've seen an increase in those peop
: seasonally strong time of year for home sales. overall, the u.s. economy is running below its historical trend. this is a study done by the index. my next guest says the economy sluggish growth may be the most ideal condition for investors. joining us is now jack. welcome to you. >> thank you, lori. lori: you see this as a prime opportunity. some new investment dollars could go into the stock market. >> yes, potentially. fair value in the market is probably about 1520. we are slightly ahead of that. we have a lot of favorable factors. one, keep money. we have stocks that look cheap. if we can get confidence, you know, of investors, but also builds confidence picking up, i think you could see treasurers and armature treasurers start to exploit that difference. as long as the fed keeps the backdrop in place, then the market can go higher. we do not want to fall into a double dip type of scenario. on the other hand, we do not want anything too strong to suggest that perhaps the fed will take its foot off the accelerator. lori: if you have new money to invest, what type of stocks would you p
important than ref knew. i know the economy is soft. therefore revenues is soft. why aren't earnings much more important? why is wall street so obsessed with the revenues? >> the good news, larry, is that even though they talk about the revenue a lot and complain a lot about the revenues, the stock market -- we hit all-time highs this year, and we're up basically for four years in a row now, and that tells me that underneath all of this complaining and fear profits really do matter, and if you look at after hours tonight, i mean, who knows what will happen tomorrow, but the companies that beat on the profits are on the upside tonight in after-hours trading. >> profits are the mother's milk of stocks, i've said it before and revenues are not the mer's milk of stocks. profits are. >> that's absolutely true. isn't it also true, brian, that when you look at fact that in general earnings are coming in pretty good for a large number of companies, we still look at -- look like the best looking girl at the dance, especially when you compare us to other part of the world like europe? >> that's abs
teach japan economy at georgetown. you're making the summit interesting again. the interesting problems that you face, and i d not envy you, is you said the fits call consolidation, the consumption tax will go up next year and the following year, and you're certainly aware that will take a big hit on consumption on income that will have a negative impact on the economy, and i'm wondering how you're balancing these two different issues of fiscal consolidation and demand. [speaking japanese] >> translator: i think you have hit on the most important point, because whenever we may try to increase the taxes, it does not necessarily result in increasing the tax revenue. we have known the actual examples which have happened in the past in many nrsakg ne >> you can watch the rest of this online as we take you live now to the heritage foundation in washington, d.c. for remarks by senator mike lee of utah. he'll be talking about the conservative movement and the future of the republican party. >> in his most recent book, "we still hold these truths: rediscovering our principles, reclaiming our fu
worried about china especially about the economy after the lower than expected growth numbers that we saw this week. and he addressed that. he was talking a bit about the concerns about rising debt levels and he played those down. he played down the weaker growth. >> i don't think people should panic about chinese economy will continue to grow at the sustainable level. the government's target could be fulfilled without much difficulty and we aim at the quality of the growth. i don't think achieving 7, 7.5% is a big deal for china. i don't think so. >> the fund invests heavily in resources. i couldn't help myself from asking him specifically about gold. he believes the sudden drop in gold is general instability in the global economy. he hopes it comes back at some point soon. >> thank you very much. we were watching that and that's the perfect segue. we've been watching what's happening and it's important to see what the chinese think about this and no better person than cic chairman. we'll talk about gold and what's been happening not only with gold but also oil prices after yesterday slu
obama, i sided with john kerry, i sided with barney frank. on ensuring our entire economy did not collapse. the bush administration for eight years had turned a blind eye to the fact that a casino had been set up on wall street that was now leading to a collapse of our economy. in 2008, i did not support any of the bush administration era financial regulation policies. but when the threat was that the system was going to collapse and hurt every family in america, i did vote to protect our financial system from collapsing and you did not. in addition, on telecommunications, yes, it was my legislation that broke down the telecom monopolies, cable monopolies that led to a broadband revolution beginning in 1996 that has created millions of jobs in the united states of america, including tens of thousands of them here in the massachusetts economy. and i'm very proud of that. and my name is on the legislation, steve. and i'm proud that my name is on much of that legislation because it was my job to go to washington -- >> that's my point. that's my point. you said we weren't -- that'
despite the fact that these jobs are among the highest paying and the most stable jobs in our economy today. it is imperative that we encourage more young americans n.i.t. e studies in the fields. in particular because of the stark racial and gender gaps we see in the programs, it is imperative that we encourage more young women and students of color to enter these fields. we simply won't be able to remain a global leader in these mportant fields without more -- with more than 50% of our nation's brainpower sitting on the sidelines. h.r. 967 doesn't go as far as i would like it to go in addressing these challenges but it does show the need to educate more students in n.i.t. fields and provide the necessary authority for the agencies to pay an important and appropriate role here. and finally, i would be remiss not to mention that nitr-d program serves as a coordinating and planning umbrella for all unclassified federal cybersecurity r&d. our committee addressed specific needs in cybersecurity , r&d separately in h.r. 756 but in doing so, we made sure that both the intellectual and fina
with the underpinnings of education and issues like that then allow us to be competitive in a global economy. i think the potential is there. we need to get our act together and that means we need to sit down, work together and resolve issues. .ost: larry, ohio independent caller. caller: good morning. host: good morning. caller: this gentleman keeps referring to the crime scenes, the violent crimes. 99% of us gun owners are law- abiding and that is the way we use our guns. internet sales -- you cannot ship a gun in the united states unless it is shipped by a fll dealer and once you receive that done at your dealer, you have to go through background checks. on the crystal ball thing -- host: larry, let me leave it there and have the congressman respond because that is the front page of "the new york times" dealing with internet sales. what do you make of his comment? guest: first of all, we do have background checks today, but the problem is there are loopholes. the number is about half of the gun sales in the country are not subject to a background check. some are emaciated on the internet. some are
. for the travel industry, a key driver of the economy, we cannot afford to sit here and have congress pointing the finger at the administration, the administration putting the figure of congress. travelers are stuck in the airport. travel in this decrease over 7 billion jobs and supports those jobs each year. we cannot afford to be delayed in the airport. gerri: it does make a very big difference to our viewers. what you to respond to what the white house was saying today about this issue. listen to this. >> the faa, like other agencies, is personnel have the and in the end you cannot avoid when 70 percent of your budget of your operating budget is personnel you cannot avoid when the cuts are as deep as they are and the sequester, the kind of actions that are taken, these furloughs. that is the unfortunate fact of arbitrary across the board cuts like this. gerri: mike, you know, i want you to respond to that and also this, the faa knew the -- fa new these cuts were coming. what have they been doing? is some of this intentional? is some of this self-inflicted, what is going out? >> it is all in
and when your biggest trading partner has a no-growth philosophy and paralyzing its own economy, you are not doing a lot of business with a partner, and the proximate cause for the weakness here in the united states was the shellacking in gold and the worst decline since 1980, and what we look at the etf falling 8% in a single day and now gold futures tumbling 15% in two days, and that is remarkable. and what caused that go down hideously? and gold and wheat causing all of the commodities to plummet, and oil did drop a little bit more than $2 after being down badly last week, i could say, yes, to that. i could say, yes, gold is that powerful and crush all sorts of assets in the declining wake, but it isn't. i could easily tell you, of course, that the slowing in china caused gold, copper, aluminum and other stocks the decline. it didn't. it would be an excuse that would fit the picture, but mystify you even more and really be nothing more than attempt by me to put the irrational in the rational box and then wrap a bow on it. think about it. china is terrible all year and nothing new
to reduce the deficit in a balanced way, a way that doesn't punish the american people and our economy in the meantime. legislation that i'm proposing is simple. and it deserves quick approval. -- no reason to go back even though i would agree to it, let's -- to the buffett rule, let's do some spending cuts, do some more cutting, we've tried that. it wouldn't work. let's try the flexibility. that also won't work because you're dealing with the same amount of money. so i would hope that this simple solution i'm suggesting will be supported by my republican friends. establishing binding caps on war spending. the wars are winding down for certain. right now there's $650 billion there. and as this bill proposes, the one i will ask consent on, it will close that loophole and produce more than enough savings to offset the cost of delaying sequestration for five months. let's put a stop to the furloughs and delays that put a stop to the job losses. let's put a stop to the devastating cuts to programs that keep our poor children from getting an equal shot in life, our senior citizens, our home
's almost always because of fears about a steep slow down in the economy. now, it's the global economy. yeah, the worries used to be the united states centric. and perhaps the economy had been growing too hot. and the fed was raising rates. perhaps the monthly employment numbers showed a sudden reduction as we saw in the late summer of 2007, which ushered in the great recession. maybe there is a shocking shutdown in retail sales. now, i'm not saying that every single selloff plays out like this, but the vast majority of them actually really do. of course, lately we have a new element. we are all one world these days and a slow down in china is now greeted as more of a threat to our stock market than an actually slow down here in the united states. crazy. but it's true. when you get these kind of jitters, which include the requisite collapse in commodities like oil and copper and the markets sell, sell, sell, can't be combatted overnight because it's so horrendous, it does kind of paralyze things. but here's what happens. certain sectors stabilize a lot faster than others. particularly if the
for a whole host of reasons and the benefits that reform will provide to our country, to our economy, to our security. and we agree with those coauthors of the legislation in the senate who have made the point in recent days that enhancing our security is one of the reasons why we should press forward with comprehensive immigration reform. speculation about this particular matter is fine, but this is under investigation. the fact is that comprehensive immigration reform, as anybody who has looked into it and can attest, would enhance our security for all the reasons that i talked about at the top. >> okay. -- i'll ask about the faa graham says he disagrees with the obama administration's decision not to prosecute the suspect as an enemy combat it. >> i understand we will have a moment of silence for the victims in boston. that is appropriate, and the president is right to lead that effort. quickly, to the families who have lost loved ones, to those breaks as a nation. to the people of boston, you make us proud by the courage you have shown. to the law enforcement officials and intelligence c
know you're aware that six of the 10 fastest-growing economies in the world are located in sub-saharan africa, and it is my hope to the extent possible that the state department will prioritize trade with the african nation. you should know that we have a bipartisan bicameral effort working in conjunction with chairman smith to quickly put forward a renewal of the africa growth and opportunity act. so i have four questions i would like to ask you. i wanted to know what steps are you taking to focus on africa's extraordinary growth potential? what are your thoughts about the u.s. appointing a special envoy to the drc? does the request for peacekeeping operations accurately reflect the growing needs on the continent? and can you comment on the significance of the 6% cut to usaid hiv/aids funding? >> thank you very much, congresswoman. let me emphasize first of all that we were really pleased that pepfar was able to be held whole. i think that's vital. i have personally visited, i was in durbin, north of durbin, in the mountains watching of the program is being effectively adminis
impact on how you look at the economy right now? are are you focused on other factors? >> at this point* i don't see them has any impact it is the actions going forward but it will not have an economic impact worries about people not wanting to go to a large sporting event and fortunately we have had these kinds of episodes before an economic impact has been negligent with so one of the event. but at this point* we did see an increase with the weekly consumer confidence numbers we get out from one survey. quite honestly it is said difficult and challenging period of time. i again, i step back but we are selling back into a realization it is a tough month for the economy. connell: to that point* to get away with the leading economic indicators came in looking at the dow and the generations the leading indicators declined does that tell you anything what was the message of that? >> of course, it doesn't tell us anything we don't know but it is amazing that shift in sentiment people have in the marketplace about the economy with the last four or eight weeks with the turn of the year and th
of our economy, that is online businesses that are selling to the nation where we have seen tremendous growth, that we owe it to the american people to have this go through regular order. and you know, i have heard the senate leader talk about regular order. i have heard the minority leader, senator mcconnell, talk about regular order, and here we are again not going through regular order. this should go to the finance committee. it should be thoroughly marked up in that committee. and i see senator hatch here. senator baucus and senator hatch both believe that this should go through the proper committee of jurisdiction so that we can address the concerns raised by so many about the bill and the way it is drafted. so with that, mr. president, i would urge my colleagues to vote against closure. this is not the right way to do business. this bill that has very important and negative implications on many businesses in this country and on a very important area of our economy should go through regular order to address concerns that have already been raised by many business groups, and so, m
unemployment. and she revolutionized the economy with free-market ideas in her ten years of service that ushered in a new decade of prosperity. when she took office, the top income tax rate was 83%. it was cut to 60% and then to 40%. the middle tax rate was cut to 30%. and the lowest tax rate was eliminated altogether. when she took office, the top corporate tax rate was 53%. she cut it to 35%. the top capital gains tax rate was a stifling 75%. thatcher cut it to 30%. and as a result, a progrowth policies, unemployment fell from a high of 12% early in her tenure to 7.5% near the end. public spending as a percentage of g.d.p. fell from 45.1% of g.d.p. to 39.4% of g.d.p. and inflation fell from almost 22% in 1979 to a low rate of 2.4% in 1986. but perhaps the most telling tribute to margaret thatcher's leadership is that three days after she gave her britain await speech, that heroic speech she was dubbed "the iron lady" in the communist news outlet "the red star." when your military enemies are describing you as formidable as the iron lady, it indicates that you're winning the argume
today for the next two fiscal years. the mayor said the economy's improving but not all services cut in the past will be restored. the mayor said oakland is on the rise. >> what we're proposing is what i call a fair share budget. it invests heavily in public safety, and economic development and jobs. >> the budget include twos more police academies -- includes two more police academies in the next two years. oakland's also facing increases in pension costs and benefits. hearings are scheduled ahead of the headlines on june 30th. >> this might benefit from the veterans here went through. >> san francisco rings the bell on on a era for a signature attraction, and just wait until you see the new displays at the bigger and better exploratorium. >> the bay area in the clear right now. coming up, how much warmer can you expect for thursday and the warmest day of the upcoming weekend. >>> . . >>> a gas leak in san mateo put residents in a frenzy. two buildings were e vac waited. the repair work is ongoing. >>> continue coverage of the boston marathon bombings. some say the victims will get
the next chapter in american history by reinvigorating our economy and enriching ournity. the kind of country that attracted my maternal grandparents here. or my wife's parents, when they came here and became citizens, productive citizens. in vermont immigration has promoted cultural riches, settlements, exchange, economic development, center programs, and tourism and trade with our friends in canada. agricultural workers support our farmers and growers and many have become part of the farm families that are such an integral part of the vermont communities. today's witnesses, two vermonters talking about the needs of farmers and the challenges they face. the national tourism trade is critical to a border state, like vermont. now, let me point out one thing that has troubled me a great deal. last week opponents of comprehensive immigration reform began to exploit the boston marathon bombing. -- newnewfoundlander englander. i spent a lot of time in boston growing up and do so today. friends and relatives there, i urge restraint in that regard. they have enriched this country from our
care sector which now constitutes more than one sixth of the american economy. it's a cornerstone of security for tens of millions of americans. the growth of this program which will only accelerate as more and more baby boomers retire as a prime driver of our long-term fiscal challenges. there is a wide debate as to whether this lower rate of growth in recent years means we have finally turned the corner or rather will begin to accelerate again as we continue to recover from the great recession. to explore these issues and possible responses to them, we have, i'm delighted to say, assembled an all-star cast. their full biographies are available at this event and also on line so i will just hit the high points in order of their initial presentations. robert reischauer to my immediate left is president of american institute and a former director of the congressional budget office and served as a public trustee of the social security and medicare trust fund. to his left is james capretta a former associate director for heart home health care social security education welfare program
for the sequester, which is currently having and will have a very, very negative effect on our economy, on jobs, and on the confidence that americans have that we are pursuing rational policy. the the gentleman and i both have agreed that sequester is not a rational policy. it deals with high priority and low priority items in very much the same way. so my question, mr. leader, is there a possibility, not on the calendar, you didn't announc it, bui w you that we go to conference, preferably, the first day we are back, after this weekend, so that we could get to work on trying to get to an agreement on one of the most pressing problems in front of this country, and that's getting ourselves on a fiscally sustainable path. i yield to my friend. mr. cantor: i thank the gentleman. i appreciate the spirit with which he recommends that we proceed along the lines of those individuals that he spoke about had asked for. and i would say to the gentleman, mr. speaker, that i'm told that our chairman and the chairman on the other side of the capitol, ms. murry, they are meeting and looking to see the path f
strengthening our borders and our economy when i see you next, kyla campbell, ktvu channel 2 morning news. >>> they are talking about the battery system used in boeing dreamliner jets. the national safety board wants to know how it went unnoticed but the problem grounded those jets three months ago. they approved a redesign system and they are reinstalling those which had been in operation around the world. >>> we are also hearing the first reports of flight delays because of those furloughs and it is part of the budget sequester cuts. and up to 3 -- there are up to 3 hour delays in los angeles, but he many must take one unpaid day. we found out san francisco has 38 traffic controllers and 38 will be furloughed daily. there are 18 traffic controller at san jose's airport and two or three of them will be furloughed as many as every day. >> sal? >>> right now we are looking at a pretty good commute and we will be starting with interstate 880 and oakland and you can see it is definitely getting more crowded and this is the time when more people are getting on the road and if you are driving
economy work and define those things that are going to lead our country forward. it is a privilege to be here with you talking about ideas from the working families flexibility act that you are working hard on and i'm a proud co-sponsor but also ways we are going to find solutions for people across this country who are raising families, trying to pay for college trying to pay the energy bill for the month. mr. gardner: we have an incredible opportunity to get government out of the way and let america work, to unleash the entrepreneurs around this great nation over the past several months over the past couple of years, we have held dozens of town meetings, whether they are in southeastern colorado, northeastern colorado, the denver metro area, the new parts of my district, talking to families, talking to people who are struggling to make ends meet. people who have had to pick up a second job just to pay the bills. and as we talk tonight about making life work and i believe #makinglifework and i would like to hear from people around the country how we an help be a part of these solut
will go. and sometimes invest in a place where the economy is not where it would support necessarily a market solution, which is why a.i.d. has to be there. so you've got the millennium challenge corporation over here, a.i.d. as the preponderance of our expenditure, but it has adopted significant reforms in the last years that have actually movement some of the development challenge kinds of enterprize into a.i.d. wherever we can we are trying to do economic-based aid in a local way that is sustainable. and that will result in long-term gains, not a project that comes, and when the project's over the money's gone and there is nothing to show for it. but there are someplaces where you still have humanitarian demands and other demands that will not lend themselves to that, and we just need to understand that. we have to understand that's for the minimum -- minimalist fraction of the percentage of our aid that may represent, it's still an expression of our values and interest and it's important. now we are -- i'm not going to sit here and tell this committee that the job is done. we are
area economy but apple has been struggling. the stock price tumbling leading people to wonder about the future of apple. >> let's bring in scott budman. is it speculation or tangible? >> lots of selling in apple stock lately. for the last several months the overall market has been rising. for today the stock falling 5.5% dipping below $400 oa share. in september apple traded above $700 a share. even as demand stays strong for the products there is concern about if in the overall economy's future. apple stores are still full of shoppers but some apple investors have an empty feeling these days. shares of the company are now down to levels not seen since 2011. is it time to panic? >> in my 30 years the warning that apple days are over and numbered have come up four or five times and apple has always rebounded. >> apple shares have soared and sunk along with the overall market even shaping things up for bay area gold buyers and sellers. he saw his shiny investments tumble hundreds of dollars in a week. >> we are going to give you a total. >> to be honest with you when i saw it i litera
and economic one. participant of last year marathon pumped 18 million dollars in the local economy. along the race route just south of carmel david louie abc 7 news. >> as we saw in boston this week so many people rushed in to help when disaster happen what explains the courage that some people have to turn tragedy into triumph. incredible acts of bravery. dan harris went lacking for some answers. >> in boston this week america bore witness to college student who after running 26 miles literally gave the shirt off his open back to treat a victim wound. grieving father who come to hand out flag in honor of his dead son who went in the fray and off duty further who gave aid to badly injured boy. >> why did you do it. >> you just do it. you you are really glad that you are there occupied can do your part to make a difference. >>reporter: in west texas overnight similar tale of heroism. william birch pulled injured out of demonthly issued nursing home. >> you have to reach out and help the ones that are not able to help themselves. >>reporter: what causes somebody to run toward dange whe
agreement between the hotel workers and the hotels themselves. this is an incredible part of our economy, but also an incredible part of who we are as a city. the hotel is really the first thing that a lot of visitors against -- get a sense of the warmth that they feel everyday. i have felt that going to hotels world class hotels. you find people working with a smile because they have confidence that they are taking care of themselves as well. congratulations, everybody. congratulations to the city of san francisco, too. >> we'll have the team members. i just like to say on behalf of the mayor and local team members, this deal is good for city of san francisco. it takes care of our team members, it takes care of our guest. but what's going on, the building, construction, the new companies coming to the city, our goal is to welcome them and if we have labor peace, we have a positive contract for our team members, they will feel comfortable coming in time and time again. if anyone hasn't seen the cranes coming into the city, we want to welcome them as well, the hilton san francisco union
opportunity for climate change to boost the other objective. help for the california economy. in the last seven years, china is a power house in climate technology, but for the innovation, the country has a huge demand for more. >> that is the question we get asked. tell us about what are people doing in the u.s. what are the technologies. can you bring those to china? >> that's where this trade mission has enormous opportunities. >> every ton of garbage creates the greenhouse gasses. we can turn that into clean energy. >> mike hart from davis came on this trip searching for investors. his company turns solid waste into gas and ultimately electricity. the company can turn a ton of garbage into 1,600 kilowatts of power. >> we will have one significant partner as a result of the trip. that could result in several hundred million dollars of construction projects. >> california also stands to benefit from chinese experts. the country is a leading source of car batteries. governor brown who toured one chinese battery and electric car company says california's goal of 1 million electric cars by
. mcdonald's blames the economy and increased competition for the slump. it hopes dollar menu items will bring customers back in the spring. kimberly clark's first quarter profits were up 13% on strong sales in brands kleenex and cottonelle. also, emerging markets are bringing demand for diapers and household goods. still to come, why so many americans are scared of the stock market. that's later on. but first, on this earth day, how some of america's largest corporations are getting into nature. bill moller has that after the break. th a deadly disease. i was one of them. i'm a nurse and i knew how damaging the disease was to my life. nothing i tried seemed to work. my brother died. from complications of the exact same preventable disease and i knew i had to do something to get healthy. my disease was obesity and after consulting with my doctor, i received the effective treatment i needed. obesity is a second leading cause of preventable death in the united states. but it's a treatable disease, and there's effective treatment options available. now is time to get help. please join
by a saggy economy, energy blackouts, and frustration from his labor union base. fewer than 900,000 signatures were needed to launch the recall. it took only 65 signatures and $3,500 to get on the ballot. aside from the two candidates a cast of more than 100 characters ended up on the ballot from the famous arnold schwarzenegger arianna huffington, and larry flynt, to the onabsurd. a primary system that now rewards the top two vote getters regardless of party, and taking responsibility for drawing district boundaries away from lawmakers and giving it to state -- senator's panel. joining me now is joe garofoli. welcome back into "the war room." >> i object to calling gary coleman absurd. >> michael: yeah you could have said what are you walking about? how did this turn into this major recall. >> there was a very low turnout for the previous election very nasty where gray davis was up for reelection so the bar was low to have a recall. you had the energy crisis people thought davis bungled it he passed a vehicle license fee to raise money, because the economy w
. also affected by the slowdown in china's economy and profit taking after weeks of gains. blue chips lost 265 points yesterday. the nasdaq was also down losing more than 2% of its value. >>> straight ahead, your tuesday morning weather. and security is stepped up at various events in the wake of the boston marathon bombing. boston marathon bombing. [ female announcer ] the only patch for the treatment of mild to moderate alzheimer's disease is exelon patch. now with more treatment options, exelon patch may improve overall function and cognition. your loved one can get a free 30-day trial. and you can have access to nurses. it does not change how the disease progresses. hospitalization, and rarely death, have been reported from wearing more than one patch at a time. the most common side effects are nausea, vomiting, diarrhea, fall, loss of appetite or weight, application site redness, and urinary tract infection. the likelihood and severity of these side effects may increase as the dose increases or if patients weigh less than 110 pounds. people at risk for stomach ulcers who take cer
invested in the innovation economy, and they wanted us to do what we've always done historically, rebuild our infrastructure. for us back home, that means rebuilding our levees, our roads and our highways. they want washington, d.c., to start getting about the business of pushing this country forward. i applaud these community leaders because this is exactly what citizen-led democracy looks like. mr. speaker, i applaud the sacramento metro chamber of commerce for their leadership, and i look forward to the 44th annual cap to cap next year. i yield back the balance of my time. the speaker pro tempore: for what purpose does the gentleman from illinois seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman is recognized for one minute. >> mr. speaker, for my neighbors and friends back home in illinois and families across the country today is tax freedom day. the date at which the average american worker will finally start earning money for themselves after paying their federal, state, and local tax obligatio
know you are aware six of the 10 fastest growing economies in the world are located in sub- saharan africa, and it is my hope to the extent possible that the state department will prioritize trade with the african nations. you should know that we have a bipartisan, bicameral effort working in conjunction with chairman smith to quickly put forward a renewal of the africa growth and opportunity act. so i have four questions i'd like to ask you. i wanted to know what steps are you taking to focus on africa's extraordinary growth potential? what are your thoughts about the u.s. appointing a special envoy to the d.r.c.? does the request for peacekeeping operations accurately reflect the growing needs on the continent? and can you comment on the significance of the 6% cuts to usaid hiv-aids funding. >> let me emphasize first of all that we are really pleased that pepfar was able to be held whole. i think that's vital. i have personally visited, i was in durbin, north of durbin in the mountains watching how that program is being effectively administered and the difference it has made. we a
and will have a great environmental and economic impact. another study in new york looked at not only economi the economit of environmental impact and said fracking can be done safely. two studies done by either coast. the tax revenues are big enough, powerful enough, job creation big enough will override the power environmentalists have in the state of california. stuart: i think you're right, i'm asking you if california goes ahead and does this, that would open the door to all of america. i can't see anybody standing in the way of fracking for natural gas and oil. >> that is right. it is a similar decision obama made on the keystone pipeline situation. the prime minister of canada was shocked and turned it down. his administration looked at it, probably the most research environmental project ever, and obama turned it down. not for science reasons, but for political reasons. will jerry brown turn it down for science reasons or political reasons? i don't think he will turn it down. his concern about the state deficit, $500 billion unfunded pension liabilities, stuart, they have to do someth
of this economy that are going strong? like housing. a totally domestic industry. not france, not generation not socgen. that's not going to be droild by european woes or a chinese slowdown. they have nothing to do with each other. the housing comeback is still with us. as we know from yesterday's terrific housing starts number. and this is the kind of huge multiyear theme that's going to keep powering forward no matter what you're fretting about. take a look at this chart of new housing starts. you can see that we're very much on the upswing. but we still have a long way to go before we reach the elevated levels that we saw back in 2005-2006. so how do we play the housing resurgence? right now what do we do? what can we snoen what about realogy? a huge realtor that's the world's largest fran schooizer of residential real estate brokerages. coldwell banker, century 21, sotheby's, better homes and garde gardens. last year this company was involved in more thain quarter of all domestic home sales transactions that involved the broker. they are that big. they came public back on october 27th. i
of household 1.4%. there is a huge gap. and the companies are doing well the economy is picking up the middle class is still stuck. why is the economy stock? >> you spoke to a wide variety of spectrum from the the very rich to those in the middle class and the working class. they all share this concern which is surprising to me that i would think that the upper class feels insulated? certainly, they feel as though the enormous amounts of money they are making city group compared the inequality of wealth in america to it 16th century spain. this is the bank, itself. and yes, i was surprised myself. and i am talking about the jewish community center on monday night, uc-berkeley on tuesday. i've spoken to labor groups, and some extremely wealthy people in florida, north in virginia. almost everywhere were all i find is that it is deeply trouble is that there's something really wrong in this country. yes, there is an exception and acceptance of inequality of income but now, it is 400 times the top one person is getting thicker% of the capital gains from the capital market. that is they're getting
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